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Barry

  • Profile picture of Barry

    Barry replied to the topic How to avoid bank traps when looking for loans in the forum Help Needed! 10 years ago

    Thanks guys,

    Im starting my first development ( Corner block 3 unit site) but i know due to being 23 and having a pretty average income that there will come a point that servicing the loans will be an issue for me.

    Ideally id like to do 2-3 developments a year. Im pretty confident in finding the right block and actually making equity on the…[Read more]

  • Profile picture of Barry

    Barry started the topic How to avoid bank traps when looking for loans in the forum Help Needed! 10 years ago

    Hi all,

    Im wondering if anyone has any advice regarding tricks/traps the banks use against property investors and developers to decline or reduce the amount of the loan they apply for.

    Ive heard from a few people in the development game to be “extremely careful” what you disclose to your lender as it is quite easy for them to turn your required…[Read more]

  • Profile picture of Barry

    Barry became a registered member 10 years ago

Barry

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